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Last week, 52 state banking associations sent a letter to the U.S. Treasury Department requesting a formal study of the credit union tax exemption. In…
Ethan Barber Joins the Maine Credit Union League
Ethan Barber, a recent graduate of the University of Denver, has joined the League as our new Manager of Governmental Affairs. His first day was…
Court Halts NCUA Board Reinstatement; CDFI Funding Stalls in Washington
A federal appeals court granted an immediate stay late last Friday on the reinstatement of dismissed NCUA Board Members Todd Harper and Tanya Otsuka, pending…
Federal Judge Reinstates Todd Harper and Tanya Otsuka
On Tuesday, U.S. District Judge Amir H. Ali ordered the immediate reinstatement of former NCUA board members Todd Harper and Tanya Otsuka. His decision ruled…
Maine Credit Union League Welcomes New Director of Advocacy and Compliance
The Maine Credit Union League is pleased to announce the hiring of Jared Gay as its new Director of Advocacy and Compliance. A seasoned public…
League Welcomes New Director of Advocacy & Compliance
Jared Gay has been hired as the League’s new Director of Advocacy & Compliance. A seasoned public policy and legislative professional, Gay brings a wealth…
GENIUS Act Signed Into Law
Last Friday, President Trump signed the Guiding and Establishing National Innovation for U.S. Stablecoins (GENIUS) Act into law. The legislation creates a regulatory framework for…
Credit Union Tax Status Secured in Senate-Passed H.R. 1
The Senate has passed H.R. 1, the One Big Beautiful Act, without any mention of the credit union tax status. Vice President J.D. Vance broke…
2025 Legislative Session Concludes, LD 1444 (Foreclosure Bill) Carried Over
On June 23, Governor Janet Mills signed LD 210, the supplemental state budget, marking the close of an extended 2025 legislative session. The Maine Credit…
Senate Finance Committee Releases One Big Beautiful Act Without Mention of the CU Tax Status and the Maine Legislature Adjourns
The credit union grassroots campaign to protect our industry’s tax status marked another important victory on Monday. The Senate Finance Committee released the text of…
Advocacy Momentum Builds as Legislators Push Forward
Representing the credit union voice in policy discussions remains a top priority as lawmakers in Augusta and Washington, DC, continue work on key issues impacting…
From Augusta to DC, Credit Union Legislative Priorities Are in the Spotlight
Lawmakers at both the state and federal levels have been busy considering legislation important to the credit union movement. In Maine, the Legislature is actively…
Joann Bisson Honored with the 2024 Political Involvement Award
Maine’s credit union movement is powered by passionate advocates who proudly champion the credit union difference to policymakers and decision-makers. They speak up—both in support…
House Passes Reconciliation Bill; Credit Union Tax Status Remains Untouched
In a narrow 215-214 vote, the U.S. House of Representatives passed H.R.1, the “One, Big Beautiful Bill,” on Thursday, preserving the credit union tax status.…
Why Congress Is Protecting Credit Unions
An op-ed written by Jim Nussle, President and CEO of America’s Credit Unions, was published earlier this week in Real Clear Policy. Nussle’s commentary highlights…
Stop & Hold Bill Advances in Committee
As the calendar turns to May, the Legislature continues to work at a feverish pace to conclude their committee work. Following last week’s progress on…
Appraisers Bill Passes Unanimously
During a busy legislative week with bills still being printed and considered, the Labor Committee held a work session on Tuesday for LD 1514, legislation…
Appraisers Bill Heard and First Teaser of Towing
Late last week, the hearing for the League’s Appraisal Bill, LD 1514, was scheduled for Tuesday. The bill is in response to the appraisal shortage…
Legislature Seeks to Reinstate the “Free House” Rule
Today at 9:30 am, the Judiciary Committee will review LD 1444, An Act to Prevent Foreclosures Without Strict Compliance with Notice Requirements. The bill, sponsored…
House Passes Resolution to Nullify CFPB’s Overdraft Rule
The House voted 217-211 to advance its resolution of disapproval for the Consumer Financial Protection Bureau’s (CFPB) overdraft rule Wednesday. The Senate passed its version…
Surcharge Bill Splits Along Party Lines
This week, the League continued addressing important issues such as surcharges, financial education requirements, and paper statements. The Governmental Affairs team provides an update on…
Committee Activity Marks Busy Week in Augusta
The League’s Governmental Affairs team stayed busy this week, following multiple issues and bills closely. Topics of importance include medical debt and credit reports, allowing…
A Flurry of Activity in Augusta and Washington to Watch
The Legislature is now approximately halfway through the expected bills for this legislative session. The Governmental Affairs team is currently tracking 16 Priority One bills,…
Credit Union Advocacy on Full Display This Week in Washington, DC
Over 100 representatives from Maine and thousands of credit union employees and volunteers from across the country came together this week in Washington, DC, for…
Maine Legislature Votes In Favor of Consumer Protection
This week, the Legislature held work sessions on both LD 353 and LD 314. LD 353 was tabled by the committee. When reviewing LD 314, the…